Something amazing happened Wednesday....
During the trading day on the New York Stock Exchange, ExxonMobil by itself became a larger company than Citigroup, Bank of America, JP Morgan, Wells Fargo, Goldman Sachs, Morgan Stanley and Bank of New York COMBINED!!!!!
Exxon market cap: $400 billion. All the above financial companies combined: $390 billion.
ExxonMobil is the largest stock in the S&P 500. Wal-Mart, its nearest competitor, is a little more than half of Exxon's size.
Even with the recent drop in oil prices, the behemoth that is Exxon, continues to grow.
0 comments:
Post a Comment